#ZECUSDT – Potential Long Setup at Key Fibonacci Level

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#ZECUSDT – Potential Long Setup at Key Fibonacci LevelZcash / TetherUSBINANCE:ZECUSDTCryptoAnalystSignal#ZEC The price is moving within a descending channel on the 1-hour timeframe. It has reached the lower boundary and appears set for a rebound; a retest of this boundary is expected, which should support an upward move. The Relative Strength Index (RSI) indicates a downward trend, but given the "oversold" condition on the 1-hour timeframe, there is a high probability of an upward breakout from this downtrend. An orange trend line is present, supporting the potential for an upward rebound. There is an initial support level at 1036, which serves as a primary support zone for the price. A key support zone, marked in green, exists at 988. The price has rebounded from this area multiple times, making it a strong support level. The price is moving toward the 200-period moving average—a level we are currently approaching—which further supports an upward move. Entry Price: 1130 First Target: 1155 Second Target: 1194 Third Target: 1241 Stop Loss: At the green-marked resistance zone. Remember this simple rule: capital management. If you have any questions, please leave a comment. Thank you.